Massive volume coming causing a technical breakout. Currently consolidating at support. I hope you are long metals and mining. Should have been a core portfolio position for awhile now.
Big volume coming into the mining sector thanks to Buffett and Sprott kicking off the buying spree
I've looked into the company, I like what I see for the current price. Won't go into details about the fundamentals, do your own DD . From a technical perspective, I also like the setup. Breakout on the shorter timeframe, bull flag , and rising volume . Get in while you can. My average share price is 5 cents on $CLASF Holding until 5-bagger, will take profits...
We started the month with the Silver chart and we will end the month with the Gold chart. With this strong break through the previous all-time high, the FOMO that will soon grip the market will be yet another driving force that will push the price ever higher. Money printing that never stops is the dominant force for prices to continue higher into the...
Just making an observation that the total amount of currency in circulation (Physical + Bank Credit) has increased an unprecedented 20% in the last 4 months. I believe, when we are looking at this chart, we are looking at a Credit Bubble. Something that bothers me. Current National Debt is around $24.2T, however, we have $18.4T in total dollars in circulation. So...
Gold approaches all time highs against the dollar (and is already at ATH against pretty much every other currency), and some might say the metal is getting a little overheated. But when compared to the money supply (M2), gold has a lot of room to run in the coming years and the chart looks extremely bullish. I believe the strength in the chart is a reflection of...
Closely monitoring this area of support, though still too early to make a call
If we can get 40 million new job losses next month or 2 million virus infections we should be on track to 3300!
Buy at the low end of the range and take some profits at the top end of the range. The gold bull should be a core position and if you want you can trade around that core position like me.
Retail is plowing into USO, tech, and US stocks. Even with the "Fed Liquidity", the 1st quarter of 2020 was the largest QoQ contraction in credit conditions EVER. The fundamental economic data is putrid. The worst ever. and REMEMBER, corporate profits peaked in late 2018, which is also when the Russell 2000 entered a bear market. The SPX was saved from...
M2V most recent data is from December 2019. It is likely near zero at the present moment. Some voices are saying that the Fed liquidity and balance sheet expansion is inflationary, but the charts tell a different story. The velocity of M2 is in complete freefall. We have reached the point where interest suppression is no longer an effective tool for monetary...
Notice the time period where the rate of change began to significantly increase. Sad that TV doesn't have the data but if you go and look, inflation from 1700-1900 was extremely stable. Not the "2%" per year inflation of today, was more like gradual deflation over time, with certainty that your money would be worth the same 100 years from now. During the...
Hi guys MartyBoots here In this video I want to show you some very important market secrets Make sure to watch until the end
Historically oil has been in a down trend for almost 20yrs, along with the trend current global conditions are removing demand from the equation with average expected decreases of 2 million barrels a day! To make matters worse supply has not decreased at all! Multiple oil producing nations are continuing production regardless of decreased demand and prices,...
chek out my fre ciurse link in the bio oops there is no link thats right my lectures are free! yo uwelcome
"PC load letter, WTF does that mean?" It appears JPows money printer may be running low on ink. $SPY has been showing un-impenetrable strength, despite the global pandemic leaving thousands dead, sick, or out of work. However it appears we're seeing solid resistance at the 0.618fib level on the basic fib channel. This could simply be a breather while the boys...
I believe we will get either a blow-off top in the S&P or a fundamental event that kills the expansion, sending price below the magenta rising support line. If the Fed is too slow to expand the balance sheet, then stocks can correct significantly until the Fed eases adequately. If Trump wins and the Fed expands their balance sheet in 2020 at a fast enough pace,...
Back in early October I posted a commodities chart. On that chart I shared my thesis that Gold's 6-year breakout in May would retest and commodities would follow on the next leg up. I later posted that "unofficial QE would add fuel into inflationary forces". With Gold breaking out of its healthy correction, inflation hitting 9-year highs, the Fed saying they will...